Iraq and Kuwait will start investing jointly in oil fields along their common border as part of an effort to end their remaining differences, Iraqi government spokesman Ali al-Dabbagh said.
The neighboring Gulf countries will begin demarcating their land border, Dabbagh said in a statement on his website today.
Former Iraqi President Saddam Hussein invaded his southern neighbor in August 1990 after alleging that Kuwait’s northern fields -- Abdali, Bahra, Ratqa, Rawdhatain and Sabriyah -- were siphoning off crude belonging to Iraq. A U.S.-led international coalition ousted Iraqi troops seven months later. A U.S.-led invasion of Iraq then toppled Saddam Hussein from power in 2003.
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